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ETH rebounds strongly, will there be a second wave of waterfall?
Continuous outflows of ETFs for half a month, with Ethereum seeing its first large inflow of 80 million yesterday, while BTC outflows exceeded inflows, and no obvious main force has appeared yet. This is also one of the reasons why ETH has been stronger than BTC in the past two days.
Currently, the resistance above ETH is still around the 1710-1750 level that Brother Niu mentioned. There are few signs of a short-term breakout, and the range can be gradually shorted. There may be a second dip to 1500-1300.
Altcoins have already started to crash and dump, draining liquidity from the market. The trend reversal won't happen so quickly; wait for time to verify. Brother Hao's circle is planning together ✍️#ETH